Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

FTSE 100 Forecast For Dec 17, 2019

Published 12/17/2019, 02:22 AM
Updated 07/09/2023, 06:31 AM
UK100
-

FTSE shot higher again gaining 180 points from the low of the day to reach 7555.

FTSE bulls seize control! Minor support at 7515/10 and 7488/84. If we continue lower try longs at 7460/50 with stops below 7440. A break lower risks a slide to 7400/7390.

Minor resistance at 7545/55. A break above 7560 runs into important 19 month trend line resistance at 7590/7600. Bulls need a daily close above here for the next buy signal.

Trends

Weekly outlook is positive

Daily outlook is neutral

Short Term outlook is negative

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.